November 16, 2011, Research, News
The kids are not alright… as prospective heirs
The wealthy have mixed feelings about passing money to the next generation and about the link between money and happiness, according to a new Barclays Capital survey.
A significant minority of rich Americans (23%) don’t trust their children or stepchildren to safeguard their inheritance, according to a new report from Barclays Capital. Among wealthy individuals worldwide, the figure was over one-third (35%).
The report, The Transfer of Trust: Wealth and Succession in a Changing World, is based on a survey of some 2,000 high net worth individuals in 20 countries. It examines wealthy investors’ attitudes towards wealth transfer and succession planning.
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